Marvell Technology Group (MRVL: Quote) reported second quarter adjusted net income of $0.24 per share after the bell Thursday, down from $0.38 per share last year. The consensus estimate was for EPS of $0.26.
Marvell Technology Group gapped open sharply lower Friday and fell during the first 45 minutes of trade. Shares finished down by 1.74 at $10.54 on the highest volume of the year. The stock closed testing the lows of the year, trading at over a 3-week low.
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by RTT Staff Writer
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